OFAC Updates Sanctions Entries to Reflect Changes to NKSR

The Office of Foreign Assets Control updated 490 entries on its Specially Designated Nationals List to reflect April changes made to the North Korea Sanctions Regulations (see 2004090026), OFAC said in an Oct. 19 notice. OFAC updated the entries to show they may be subject to a prohibition on “persons that are owned or controlled by a U.S. financial institution and established or maintained outside” the U.S.